Mixed use · Princeton, New Jersey
Princeton R&d Portfolio
Princeton R&d Portfolio is financed with a $48.0M CMBS loan at 6.437% that reaches maturity on August 5, 2030, in 3 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $48,000,000
- Original balance (same notes)
- $48,000,000
- Interest rate
- 6.437% fixed
- Originated
- August 5, 2025
- Maturity
- August 5, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 4, 2027
- Prepayment premium ends
- March 4, 2030 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 201, 301, 303, 305, 307 and 400 College Road East, Princeton, NJ 08540
- Metro
- Trenton-Princeton, NJ
- Rentable area
- 357,641 sq ft
- Built
- 1978
- Largest tenants
- ABBOTT POINT OF CARE; BIOCENTRIQ; CYTOSORBENTS
- Value at securitization
- $102.5M (Jun 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.94x | n/a |
| Occupancy | 87% | n/a |
| Net operating income | $6.1M | n/a |
Watch flags
Computed from the BANK5 2025-5YR17 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- The filing gives Jan 2028 as the lease end date for the largest tenant (ABBOTT POINT OF CARE), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $48.0M | Current | No | n/a | n/a |
| August 2026 | $48.0M | Current | No | n/a | n/a |
| July 2026 | $48.0M | Current | No | n/a | n/a |
| June 2026 | $48.0M | Current | No | n/a | n/a |
| May 2026 | $48.0M | Current | No | n/a | n/a |
| April 2026 | $48.0M | Current | No | n/a | n/a |
| March 2026 | $48.0M | Current | No | n/a | n/a |
| February 2026 | $48.0M | Current | No | n/a | n/a |
| January 2026 | $48.0M | Current | No | n/a | n/a |
| December 2025 | $48.0M | Current | No | n/a | n/a |
| November 2025 | $48.0M | Current | No | n/a | n/a |
| October 2025 | $48.0M | Current | No | 1.71x | n/a |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2025-5YR17 | 5 | $48,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Trenton-Princeton loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Brookside Gardens | Hamilton, NJ | Multifamily | $50.0M | 6.54% | Oct 2030 | 1.17x | 92% | Current |
| 329 Wyckoff Mills Road | East Windsor, NJ | Industrial | $49.5M | 3.464% | Sep 2030 | 4.04x | 100% | Current |
| Suburban Square (NJ) | Ewing Township, NJ | Retail | $18.5M | 6.87% | Jul 2030 | n/a | n/a | Current |
| The Court at Hamilton | Hamilton, NJ | Retail | $13.0M | 3.55% | Mar 2030 | 2.00x | 98% | Current |
| Omega Self Storage Lawrenceville | Lawrence Township, NJ | Self storage | $6.0M | 5.967% | Dec 2030 | n/a | n/a | Current |
| Hogan Self Storage | Pennington, NJ | Self storage | $4.1M | 3.98% | Mar 2030 | 1.09x | 81% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.